WSE-listed lender PKO BP will open its first corporate banking branch in London this year, the company’s CEO Zbigniew Jagiełło announced. The outlet will service Polish companies. “We are filling in the niche, the need for our clients.In Frankfurt, we opened a branch that serves Orlen Deutschland as well as many other Polish companies. They’re…

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WSE-listed railway infrastructure builder ZUE signed a net PLN 330 million (gross PLN 406 million) deal for works on the 99 railway line with railway infrastructure firm PKP PLK. The deal concerns the part of the line linking Chabówka with Zakopane, and line 98. After the construction, which includes replacing 44 kilometers of tracks, rebuilding…

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WSE-listed, state-controlled fuel giant Lotos dismissed its CEO, Marcin Jastrzębski and appointed its to-date Deputy CEO Mateusz Bonca as acting president, the company said in a market filing. No reason for personnel change has been given. Jastrzębski has been running the company since November 2016, when he was named acting CEO, his position became a…

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WSE-listed coal miner JSW signed a PLN 4.5 billion three-year coal sales deal with ArcelorMittal. The deal is valid through 2020 with a possibility to extend the deal one year at the time until end-2027. “The contract will be subject to extension for another year after agreeing the qualitative and quantitative structure if none of…

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The value of household savings increased to PLN 1.38 trillion in Q4, 2017, according to a report prepared by Analizy Online, which is PLN 27 billion q/q increase and PLN 107 billion y/y growth. In Q4, assets accumulated on deposits in banks and credit unions increased the most (by PLN 19 billion). In total, Polish…

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IT company e-Xim IT plans to debut on the small-cap, alternative NewConnect market in the second half of the year, the company said. “The IT industry, as well as the expectations and needs of companies in this area are changing dynamically. Digital transformation raises specific requirements, which is why we focus on intensive development, both…

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Equity fund Abris Capital Partners is interested in participating in the private placement offer of WSE-listed debt collector GetBack, the company said in a market filing. Arbis currently controls 60 percent stake and wants to retain similar stake after the new share issue. Abris wants to buy shares “at the price set in the bookbuilding…

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WSE-listed insurance group Talanx posted a €672 million net profit in 2017 (vs €903 million the year before) according to the company’s financial results. Operational profit stood at €1.8 billion, down from €2.3 billion in 2016, while gross written premium increased to €33 billion, from €31.1 billion the year before. German insurance group owns several…

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WSE-listed chemicals Grupa Azoty will take PLN 37.2 million hit to its consolidated financial results for 2017 due to an impairment from its Police subsidiary on its Senegalese investment, the company said in a market filing. “Due to the lack of agreement with DGG Eco concerning a return of the price for the purchase of…

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WSE-listed gas giant PGNiG signed a strategic partnership deal with Pakistani firm Mari Petroleum, country’s second-largest natural gas producer, PGNiG said. The deal assumes cooperation on the Pakistani market and beyond on upstream operations, including exploration of locals shale gas deposits. “This is another step in the development of PGNiG’s operations in Pakistan, where we…

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Footwear retailer CCC has leased 1,400 sqm of space at the Galeria Malta shopping center in Poznań. The company will open a flagship store at the mall, which will exemplify its latest retail concept, to date only implemented in stores abroad and in selected shopping centers in Poland. Managed by Neinver, Galeria Malta is one of the biggest malls in western Poland. The three-floor building comprises 54,000 sqm of leasable space, and houses 160 stores and points of service.

The Written with Lipstick Foundation for Success held their 9th annual “Businesswomen of the Year” awards at the Senator building in Warsaw on Thursday, March 1st. This competition has grown significantly in popularity for nearly a decade, aving received a record number of over 260 applications this year.

Awards were distributed in nine different categories. Barbara Sobala, Vice President of the Management Board of Citi Handlow, won “Corporation Leader”. Katarzyna Kolmetz from POLIPACK earned the “My Business” award, while Sara Koślińska from Limitless won “Startup of the Year”. Joanna Uszok, founder of PETSI the Dog’s Out Fun, won the “Business Idea” award. Co-founder and president of Warsaw Genomics Annie Wójcicka won “Woman in New Technologies”. The newest award, “Male Champion of Change” was split three ways between Robert Biedroń, Sławomir S. Sikora, and Sebastian Drzewiecki. Artist Katarzyna Kozyra won the “Grand Prix for Women in Art” award for her work over the span of 25 years. Lastly, Inspirational blogger Anna Lewandowska won “Influenceer of the Year”, an award decided by receiving a majority vote in an online poll.

Written in Lipstick is the largest community of female entrepreneurs in Poland, co-founded by Olga Kozierowska and Olga Zarachowicz. Their mission is to provide women in business with comprehensive support, motivation to take bold actions, and the knowledge necessary to facilitate personal and professional development. The awards are meant to bring attention to female success on a national scale and to create a network of female business connections, in hopes of helping strengthen the role of women in Poland’s growing economy and beyond.

On May 23rd, Warsaw will host the 11th edition of Open Source Day.OSD is the largest conference about open source in Poland and CEE region, gathering every year nearly 1000 participants. The programme of the upcoming edition is focused mainly on practical sessions devoted to the most important directions of IT market development. Registration for the event is already open.For the first 600 attendees, participation in the conference is free-of-charge.

Open Source Day is the biggest event in Poland and CEE region dedicated to open source. Over 6,000 people took part in previous editions, and several thousand followed the event online. Open Source Day is the knowledge exchange platform about open software, as one of the most important trends in the development of modern technologies, enabling creation of high-quality, stable IT solutions, which today are the basis for all branches of the economy.

Over the past decade Open Source Day Conference attracted more than 19,000 participants, both at the event as well as online broadcast followers. This year’s eleventh edition will take place on 23rd May at the Marriott Hotel in Warsaw. What makes the upcoming conference special is the emphasis on knowledge-sharing that will be held form of practical sessions. For IT specialist were prepared nearly 20 sessions dedicated to 8 thematic panels, e.g.: cloud computing, data science, monitoring, and IT security.

‘Nowadays Open Source Day is a significant knowledge-sharing platform, and ‘must-have’ event for those who want to be up-to-date with the most important and latest trends in the new technology sector. This year we decided to enhance the practical aspect of the conference by focusing on technical sessions. Our aim was to arrange particular panels in conference agenda in a way that shows what is the most important in the IT sector these days,’ says Dariusz Świąder, CEO of Linux Polska, Open Source Day Conference organizer.

Open source software, the main issue of the conference, is the basis for many technological solutions used by a wide range of users. The most important principle of the open source movement is a common and cost-free source code sharing – basis for open source software.

‘Many people are not aware of how widespread open source is nowadays. Without open source software there would be no Android system, which is currently used by 90 proc. smartphones sales in Poland. What is more, we owe open source philosophy the idea of ‘ free flow of knowledge’, as well as ‘know-how’, which have a positive effect on more dynamic developing innovation,’ admits Dariusz Świąder.

Registration for the conference and workshops are available via website: www.opensourceday.pl, and for the first 600 participants arefree-of-charge. Conferences-fee will be charged for further submissions.

A record 2,000 hotel rooms will be built in Warsaw this year, according to the latest report by Walter Herz. Major openings will include a Four Points by Sheraton hotel (192 rooms), two Ibis Styles hotels (a total of 400 rooms), Krakowska Residence (over 350 rooms), a Vienna House hotel (164 rooms), Renaissance Warsaw Airport Hotel (225 rooms) and Raffles Europejski (106 rooms). Walter Herz analysts predict that the Warsaw market will in 2019 grow by a similar number of rooms as this year. According to the company’s data, there are now 90 hotels in the Polish capital, which offer a combined 13,500 rooms.

Developer Ghelamco Poland has topped out its .big office project in Kraków, which is the company’s first office scheme in the city. The five-floor development, which is located at the intersection of ul. gen. Bohdana Zielińskiego and ul. Kapelanka, is scheduled to be completed in the third quarter of this year. It will deliver almost 10,000 sqm of office space and around 1,500 sqm of retail area. Ghelamco Poland is also present in the office markets of Warsaw, Wrocław, Katowice and Łódź.

Average fuel prices decreased by PLN 0.03 last week, while diesel prices went down by PLN 0.02, and LPG prices grew by PLN 0.01, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.58/liter, diesel at PLN 4.49/liter and LPG at PLN 2.03. “The prices of gasoline and diesel at…

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WSE-listed silver and copper giant KGHM expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels to reach 130k metric tons. KGHM will also commission the copper concentrate roasting installation by the end of 2018, the firm said. Completion of the installation is planned…

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WSE-listed restaurant operator AmRest signed a contract with Burger King Europe on the exclusive development of the brand in the Czechia and Slovakia. “Based on the deal, within 5 years AmRest plans to increase Burger King portfolio by 40 new restaurants in the Czech Republic and 15 in Slovakia,” the company said in a market…

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